A $16B financing for a giant Oracle data center in Michigan has closed, with BofA selling $14B in bonds; Oracle plans to use the campus to power apps for OpenAI
A $16 billion financing for a giant Oracle Corp. data center in Michigan has wrapped after months of stop-and-start negotiations with investors.
Bloomberg
Related Coverage
- Related Digital Announces Financing for $16 Billion Oracle Data Center Project in Saline Township, Michigan Related Digital
- Related Digital secures financing for $16 billion Oracle data center in Michigan Reuters · Fabiola Arámburo
- Related Digital secures financing for $16 billion Oracle data centre in Michigan Reuters
- Premium: How OpenAI Kills Oracle Ed Zitron's Where's Your Ed At · Ed Zitron
- Investors push for higher yield on $14bn of Oracle-backed data centre debt Financial Times · Michelle Chan
- Wisconsin regulators: Data centers must cover full cost of their energy needs Wisconsin Watch
- Regulators make big changes to We Energies data center rate plan, give preliminary approval Milwaukee Business Journal · Timothy Gibbons
- Oracle awarded ‘Outperform’ rating from Wedbush in initial coverage on backlog-driven growth thesis Proactive · Emily Jarvie
- Oracle Stock Is No High-Risk AI Play, Says Analyst. Why It Can Take on Microsoft, Amazon. Barron's Online · Adam Clark
- Why Oracle's AI Spending Spree Has Wall Street On Edge Benzinga · Anusuya Lahiri
- Oracle is down big in 2026. Dan Ives says buy the dip CNBC · Liz Napolitano
- Sources: JPMorgan and other banks struggled to spread the risk of billions in loans they made to build data centers leased to Oracle in Texas and Wisconsin Wall Street Journal
- Oracle needed the world's biggest bond fund to finance the world's biggest data centre The Next Web · Cristian Dina
Discussion
-
@edzitron.com
Ed Zitron
on bluesky
This is getting discussed way way way too much. No other Oracle data center debt deal has been so eagerly announced. I am sure this is Oracle trying to signal to the market it isn't having trouble when it absolutely is [embedded post]
-
@theblankgeneration
@theblankgeneration
on bluesky
Let's hope this signals the end of the “AI” delusion, and the beginning of end of the billionaire oligarch's power. — Then we can get onto the tough task of saving our world, for ALL of us.
-
@griffonatrix
De Tomaso Panera
on bluesky
Well at least the libs were owned [embedded post]
-
@freeke.org
@freeke.org
on bluesky
Sounds a bit 2008-ey
-
r/BetterOffline
r
on reddit
Oracle's Deluge of AI Debt Pushes Wall Street to the Limit